Market Transactions in a Shared Repository

By CFO Tech Outlook | Thursday, February 07, 2019

New technology is disrupting long-standing operating models in many sectors, transforming entire industries in some cases and increasing efficiency and cost savings that were impossible to achieve only a few years ago. Technology is also compelled to adapt and change the finance industry in the past two decades, even financial services that have withstood the waves of competition from digital innovators. The proliferation of continuous data has led to a complete transformation of the financial services operational process. Streaming analysis technology has facilitated a real-time understanding of danger and opportunity.

Future FinTech group Inc, an integrated financial technology company and a manufacturer of fruit juice-related products. The company involves in research and development on the basis of blockchain technology of digital asset systems and also manages an incubator for blockchain technology applications. Blockchain technology and cryptocurrencies are developed for a variety of B2B and B2C real-life applications including diverse financial enterprises and distribution, commercialization and sale of consumer products. FTFT is also developing an online shopping center operational platform which uses blockchain technology and the shared economy.

Future FinTech Group has announced about the launch of GlobalKey SharedMall V1.0. Global Key Shared Mall (GKSM) is an innovative e-commerce platform created by renowned bankers, e-commerce, technology blockchain elites, financial technology experts, and economics researchers. It's a brand new model of a sharing economy based on artificial intelligence and blockchain technologies. GKS M has drawn more than 1,000 users and reached revenues of more than $144,525 in RMB 990,000. Currently, the operation of GKSM is in good condition, and the user can download the application. GKSM is based on blockchain technology and is a shared e-commerce platform, which integrates manufacturing companies, traditional e-commerce, We-media, and physical stores. For customers, products are directly supplied by producers without markings from distributors, who also have strict quality check and qualification verification at the mall. In addition, counterfeit products are not presented in the mall using anti-fake QR technology.

DCON, the blockchain development project of the Future FinTech Group, creates an open and transparent, blockchain-supported digital payment system. DCON is the only NRC (Nova Realm City) designated financial center and the sole mBTC exchanger for currencies circulation in the NRC community. Future FinTech Group Inc offers a full and current view of market transactions in a shared repository—single source of truth—whose transactions and account status are validated and confirmed by all participants.